Newton Homes Sales Double Year over Year in November

The National Association of Realtors released their findings regarding existing home sales for November year over year. As we expected to see, judging from how busy we are, Boston volume increased 58% over November 2008. Newton saw almost a 100% increase year over year. Just 19 house sold during the month of November 2008 vs. 36 this November. We expect this trend to continue in terms of volume, however we do not foresee accelerating prices in 2010.

Median Price % Change from 1 Year Ago

# MSA Nov-08 Nov-09 Price Sales
1 Atlanta 126,300 129,300 2.4% 33.4%
2 Baltimore 253,400 241,300 -4.8% 80.8%
3 Boston 334,000 333,400 -0.2% 58.2%
4 Cincinnati116,900 123,700 5.8% 30.0%
5 Dallas 134,300 142,400 6.0% 31.7%
6 Houston 137,500 152,100 10.6% 32.8%
7 Indianapolis 97,700 114,800 17.5% 14.2%
8 Kansas City 128,500 n/a n/a 55.1%
9 Miami/Ft. Lauderdale 225,600 209,500 -7.1% 54.1%
10 Minneapolis175,000170,000 -2.9% 67.0%
11 New Orleans155,000162,800 5.0% 48.0%
12 New York 391,900 372,500 -5.0% 44.4%
13 Philadelphia216,000 211,100 -2.3% 71.2%
14 Phoenix 155,100 145,800 -6.0% 37.8%
15 Pittsburgh 110,700 114,100 3.1% 48.3%
16 Portland 266,900 235,900 -11.6% 72.8%
17 San Antonio 142,200 140,200 -1.4% 58.4%
18 St. Louis 112,000 128,000 14.3% 51.4%
19 Washington DC 289,900 306,900 5.9% 31.8%

**NOTE: There may be differences between this data and locally reported data because of differences in geographic coverage area and housing types.

©2009 NATIONAL ASSOCIATION OF REALTORS®

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